Why new EU rules around artificial intelligence are vital to the development of the sector

Why new EU rules around artificial intelligence are vital to the development of the sector

KUALA LUMPUR, April 14, 2021Skymind Holdings Berhad, a global leader in Artificial Intelligence (AI), today announced the appointment of Datuk Yasmin Mahmood as its Chairperson as the Group embarks on its next growth chapter.

With a presence in 17 countries, including Germany, Japan and the United Kingdom, Skymind’s innovative technologies serve as a fundamental layer in AI and is deployed in 350 Fortune 500 companies, including Nvidia, IBM, Huawei and National Aeronautics and Space Administration, USA (NASA).

In 2020, London-based Skymind Global Ventures launched a US$800 million fund to support promising new AI companies and academic research globally.

Skymind Holdings Berhad, which is based in Malaysia, was established in October 2019 to expand its footprint throughout Southeast Asia, with Malaysia serving as the Group’s regional AI hub.

“We are pleased to welcome Datuk Yasmin, a well-respected and internationally recognised leader in the IT industry, to Skymind,” said Shawn Tan, Global CEO of Skymind. “Datuk Yasmin’s extensive experience, knowledge and insights will help guide the vision and strategic opportunities of Skymind as we march ahead with our scale and growth plans.

For the last one year, when she served as our Advisor, we saw how her leadership and passion has empowered Skymind to strengthen partnerships, develop strategic alliances, and expand our presence here in Malaysia as well as regionally and globally.”

“I am honoured to be joining Skymind, one of the world’s most influential and impactful AI companies,” said Datuk Yasmin. “I am passionate about AI and how it can revolutionise and reimagine anything and everything.  With the company’s track record of AI innovations and a focused growth strategy, this is an exciting time to work with Shawn and his team.  Skymind is in a unique position to catalyse an innovation ecosystem, thereby creating high-income and high-value jobs in Malaysia to serve the global markets.”

In a career that spanned over three decades, Datuk Yasmin had led and managed global technology companies including Dell, HP and was the Managing Director of Microsoft Malaysia.

She had also served in Malaysia’s public sector as the CEO of Malaysia Digital Economy Corporation (MDEC) for four years. The newly appointed Skymind Group Chairperson was also recently appointed as Chairman of Heriot-Watt University, Malaysia and sits on the Board of Directors of Malaysia Industrial Development Finance Berhad (MIDF) and Bintulu Port Holdings Berhad.

Most recently, she was re-appointed by Yayasan Peneraju Pendidikan Bumiputera, an agency under the Prime Minister’s Office as one of its Industry Advisory Board members.

About Skymind Holdings Berhad

A global leader in AI that focuses on enabling and empowering developers, companies, and organisations to develop their own AI applications and provide them with supported access to the tools to be innovators in their industry as well as build a stronger AI ecosystem.

Since its inception late 2019, Skymind has partnered with several higher learning institutions in Malaysia to prepare AI ready talents, joint research programmes in AI development and cultivate more AI certified/ready educators.

Skymind recently announced its plans to bring its global experience and change the landscape of cities in Malaysia by developing Skymind Innovation City (SIC) in Medini, Iskandar Puteri, the first innovation city in South East Asia. SIC’s primary focus is to boost the economic and living standards of a city using AI innovation components.

Several portfolio companies across various verticals have been set up under Skymind Holdings Berhad namely, Xpress AI, CertifAI and Nexent.